Time Warner
Headquarters: One Time Warner Center
New York, NY 10019
Phone: 212-484-8000
Employees: 25,600
CEO: Jeff Bewkes
Stock Symbol: TWX
Website: http://www.timewarner.com
Company News
Career Page
Time Warner is a global leader in media and entertainment with businesses including television networks, film and TV entertainment.
Home Box Office - Leading pay-cable channels HBO and Cinemax with over 127 million premium pay and basic cable subscribers worldwide and features exclusive programming including Girls and The Game of Thrones.
Turner Broadcasting System - Operates TNT, TBS, CNN, HLN, Tru TV, Turner Classic Movies, Adult Swim and Cartoon Network cable channels. In addition to its cable networks, Turner manages Internet sports sites including bleacherreport.com, NBA.com, NCAA.com, PGA.com. Turner is based in Atlanta.
Warner Bros. - Produces movies and over 70 television shows including Ellen Degeneres Show, 2 Broke Girls, The Mentalist and Big Bang Theory. Also operates the CW Network in partnership with CBS Corp. Warner Bros. is based in Burbank, CA.
American Sniper was produced by Warner Bros. and received 13 Academy Award nominations.
Warner Bros. pictures is the only film studio to earn over $1 billion at the domestic box office for 14 years in a row.
Time Warner also operates gossip site TMZ.com and its TV show.
In 2014, the company reported revenues of $27.4 billion, a 3% increase following. Net income was $3.8 billion.
In June 2014, the company spun off the magazine division made up of Time Inc. into a separate publicly-traded company.
Time Warner reportedly turned down an acquisition offer in 2014 from rival News Corp. for $80 billion.
The company plans to move into new headquarters in the under-construction Hudson Yards on the West Side of Manhattan in 2018.
History
The history of the company originates to Briton Hadden and Henry Luce, who co-founded Time Magazine in 1923 as the first weekly newsmagazine. Luce was an influential figure who became editor and business manager of the magazine. He would go on to acquire Fortune magazine in 1930, Life magazine in 1936 and launched Sports Illustrated in 1954.
Time Warner was created with the merger of Time Inc. with Warner Communications in 1990. The company would acquired Turner Communications in 1996 which operated cable news channel CNN and was owned by Ted Turner.
In 2001, America Online acquired Time Warner to become the world's largest media company. The new firm was named AOL Time Warner. However, accounting scandals at AOL and the Internet crash sent shares tumbling, making the merger one of the all-time worst corporate deals.
AOL's peak membership was 26 million around 2002 and has dropped since as customers find alternative Web services and high-speed connections. The company decided to drop the AOL name in 2004 and become Time Warner again.
The company opened its headquarters building at Columbus Circle in 2004. The 2.8 million-square-foot complex features offices, stores, restaurants and a Mandarin Oriental hotel.
In December 2009, the company spun off struggling AOL as a separate publicly-traded company. The original Time Warner-AOL merger has been widely criticized as the worst corporate merger ever.
Time Warner Cable, which provides cable TV and Internet service, was spun off as a separately traded company in March 2009.
Benefits
At Time Warner, we offer a comprehensive benefits package to our employees. Our health, welfare and financial benefits are designed to meet the diverse needs and preferences of our employees. We offer healthcare choices to our employees and their families, including domestic partners, which provide access to a broad array of providers while giving employees tools to make informed decisions about their care. Our disability, life and long-term care benefits help to protect our employees from the financial consequences of illness, accident or death. Financial plans are offered to help our employees with their income replacement needs when they retire. We continually review our benefit plans to ensure they are competitive, affordable and appreciated by our employees.
Health and Wellness Programs
Time Warner invests in services and education to keep our employees healthy. All Time Warner businesses offer access to employee assistance and mental health programs. Our offerings include programs for pregnant women, cash reimbursement for wellness activities, onsite fitness centers and onsite health services. We also provide information to our employees about health and wellness through seminars and awareness campaigns.
Flexible Work Arrangements
At some of our divisions, employees partner with their managers to develop flexible work arrangement schedules. The purpose of these schedules is to enable employees increased flexibility in how, when, and where they get their work done and to increase employee satisfaction and decrease unwanted turnover.
Dependent Care
We understand that employees have a range of responsibilities outside of the workplace. Our employee assistance programs, therefore, take an inclusive approach in defining an employee’s “dependent” as someone who relies on the employee for financial or emotional well-being, even if this person is not a member of the employee’s immediate family.
Child Care Options
All large campus divisions of Time Warner provide onsite child care, and a back up care center is provided in New York City for employees' use when their regular child care is unavailable.
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